Credit agencies Moody’s and Standard & Poor’s recently put out reports laying out this scenario: federal disaster spending drying up while damages from increasing disasters continue to rise. If cities, counties or states are left more on their own to fund rebuilding after natural disasters like hurricanes, they could have a lot of trouble managing […]

Illinois’ credit rating is now just short of junk. That’s the news after a downgrade from S&P Global Ratings. The agency cited Illinois’ budget stalemate and its $14.5 billion in unpaid bills. It will take more revenue and more cuts to make any progress, but the state’s regular legislative session just ended — with no […]

"Transformed" industry has more regulatory oversight and internal safeguards.

SEC gives S&P a suspension, opening a window for its bond-rating competitors.

S&P just gave Twitter a BB- rating. So is it time to sell? Not really.